Waitr Holdings (WTRH) Stock: Why It’s Up 48.49%
- Waitr Holdings Inc (NASDAQ: WTRH) stock price rose 48.49% in the previous trading session. That’s why.
Waitr Holdings Inc (NASDAQ: WTRH) stock price rose 48.49% in the previous trading session. Investors reacted positively to Waitr Holdings’ announcement of a new partnership with software logistics delivery provider Burq, which will enable delivery from several new retail verticals. And as part of the agreement, Waitr powered by ASAP will begin supplying retailers in genres such as apparel, fashion, luxury, sporting goods… as well as many others.
This is the second major retail delivery partnership the company has announced in recent days as it moves into its broader “delivery everything” model. And the new initiative brings Waitr’s world-class food delivery services to a significantly broader range of products.
Burq works with retailers across multiple industries and specializes in small and medium-sized businesses. In addition to apparel, fashion, luxury and sporting goods, alcohol, groceries and ethnic grocery stores, which mainly stock specialty products not found in mainstream supermarkets, are other industries that have partnered with Burq (and are now open for Waitr delivery too ).
“Our vision is to deliver a wide range of items that our customers need and want, same day delivery. We believe this new partnership with Burq is another remarkable step towards fulfilling our mission.”
-Carl Grimstad, CEO and Chairman of Waitr
“Burq’s new partnership with Waitr will make it easier and more convenient for customers to get what they need, quickly, from their favorite retail outlet. Our world-class technology and delivery infrastructure complements Waitr’s large driver base, which is essential to meet the needs of on-demand customers.”
– Salman Habib, co-founder of Burq
Disclaimer: This content is for informational purposes. Before making any investment, you should do your own analysis.
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